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BIL
BIBLT
BIL - Billiton Plc - Bowenbhp Basin Metallurgical Coal Expansions
Billiton Plc
Share code: BIL
ISIN: GB0000566504
BOWENBHP BASIN METALLURGICAL COAL EXPANSIONS
BHP Billiton today approved three key metallurgical coal projects located in the
Bowen Basin in Central Queensland, Australia. The projects will add 4.9 million
tonnes of annual mine capacity (100% basis) through development of the Daunia
operation and a new mining area at Broadmeadow. In addition, 11 million tonnes
of annual port capacity (100% basis) will be developed at the Hay Point Coal
Terminal. The total investment is US$5 billion, of which BHP Billiton`s share is
US$2.5 billion.
The investment includes:
* US$1.6 billion (BHP Billiton share US$800 million) for development of
the new Daunia mine, adjacent to Poitrel. The mine will have the
capacity to produce 4.5 million tonnes per annum (mtpa) of export
metallurgical coal through a new processing facility. First coal is
expected in 2013.
* US$900 million (BHP Billiton share US$450 million) to extend the life
of the Broadmeadow mine by a further 21 years. The investment will
also increase productive capacity by 0.4 mtpa, to a new total capacity
of 4.8 mtpa. The project is due for completion in 2013.
* US$2.5 billion (BHP Billiton share US$1.25 billion) for the Stage
Three expansion of the BHP Billiton Mitsubishi Alliance`s wholly owned
Hay Point Coal Terminal, which will increase capacity from 44 mtpa to
55 mtpa. This investment also includes the replacement of the existing
jetty to increase its ability to withstand high seas and winds. The
expansion will include a new third berth, trestle, surge bins and out-
loading conveyors. First shipments from the expanded terminal are
expected in 2014.
BHP Billiton Metallurgical Coal President, Hubie van Dalsen said, "The company
has a deep pipeline of expansion projects to further develop its large reserves
of high quality metallurgical coal.
"Our strategy is to rapidly progress development of these projects to capture
the increasing demand we see for hard coking coal.
"Subject to further approvals, this initial investment will be followed in the
near term by the construction of the Caval Ridge mine, which will utilise
expanded Hay Point port capacity created from this investment."
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com
Australia United Kingdom & South Africa
Brendan Harris, Investor Relations Andre Liebenberg, Investor Relations
Tel: +61 3 9609 4323 Tel: +44 20 7802 4131
Mobile: +61 437 134 814 Mobile: +44 7920 236 974
email: email:
Brendan.Harris@bhpbilliton.com Andre.Liebenberg@bhpbilliton.com
Amanda Buckley, Media Relations United Kingdom & Americas
Tel: +61 3 9609 2209 Ruban Yogarajah, Media Relations
Mobile: +61 419 801 349 Tel: US +1 713 966 2907 or
email: Amanda.Buckley@bhpbilliton.com UK +44 20 7802 4033
Mobile: UK +44 7827 082 022
Kelly Quirke, Media Relations email: Ruban.Yogarajah@bhpbilliton.com
Tel: +61 3 9609 2896
Mobile: +61 429 966 312 Americas
email: Kelly.Quirke@bhpbilliton.com Scott Espenshade, Investor Relations
Tel: +1 713 599 6431
Samantha Stevens, Media Relations Mobile: +1 713 208 8565
Tel: +61 3 9609 2898 email: Scott.Espenshade@bhpbilliton.com
Mobile: +61 400 693 915
email: Samantha.Stevens@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 BHP Billiton Plc Registration number
077 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Registered Office: Neathouse Place
Street London SW1V 1BH United Kingdom
Melbourne Victoria 3000 Australia Tel +44 20 7802 4000
Tel +61 1300 55 4757 Fax +44 20 7802 4111
Fax +61 3 9609 3015
Members of the BHP Billiton group which is headquartered in Australia
Date: 25/03/2011 07:16:16 Produced by the JSE SENS Department.
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